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SSC Sample Paper Mock Test-2 SSC CGL Tear-II Paper-1

  • question_answer
    Yash started the business with an initial investment of Rs. 500000. In the first year he earned a loss of 4% however during the second year, he earned a profit of 5% which in the third year a profit of 10%. Then the net profit for the entire period of 3 yr is

    A)  Rs. 53300                    

    B)  Rs. 53500

    C)  Rs. 54400

    D)  None of these

    Correct Answer: C

    Solution :

    Initial investment = Rs. 500000 In 1st year, loss of 4%=\[{{R}_{1}}\] In Und year, profit of 5% =\[{{R}_{2}}\] In IIIrd year, profit of 10% =\[{{R}_{3}}\] \[\therefore \]Net amount obtained after 3 yr So, A \[=500000\left( 1-\frac{4}{100} \right)\left( 1+\frac{5}{100} \right)\left( 1+\frac{10}{100} \right)\] \[=500000\left( \frac{96}{100}\times \frac{105}{100}\times \frac{110}{100} \right)\]= Rs. 554400 \[\therefore \]Profit for entire period of 3 yr \[=A-P=554400-500000\]= Rs. 54400                        


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